Home/Economy/Kaladze: Continuous Supply of Energy Resources is Still Relevant on the Background of Current Challenges

Kaladze: Continuous Supply of Energy Resources is Still Relevant on the Background of Current Challenges

February 23, 20171,573 Views

Ministerial of the Coordinating Council of Southern Gas Corridor is being held in Baku, where unimpeded entry of Shah Deniz 2nd phase is discussed and development of the EU energy supply alternative route.

Energy Minister Kakha Kaladze is attending to the Ministerial. Vice Prime Minister notes that a continuous supply of energy resources is still actual on the background of the region’s challenges and it is frequently associated with interference of competitive market development, establishment of political price and dependence on the supplier.

Kaladze noted on the significant role of Georgia for supplying resources to the EU and declared that “as a transit country, we are interested to provide safe and stabile environment in terms of energy security. We are ready to cooperate, study and discuss all the problems, find the ways of their solutions and make contribution in the formation of the Southern Gas corridor, which is a prerequisite to develop the project smoothly”.

Implementation of the Southern Gas Corridor within the frame of the second phase of Shah Deniz involves the transportation of natural gas through Italy, Azerbaijan, Georgia, Turkey, Greece and Albania. The total project cost amounts to 45 billion USD, while length of the pipeline 3 460 km.

The South Caucasus Pipeline is part of the transportation route from Azerbaijan, through Georgia – Turkey. The length of The South Caucasus Pipeline is 690 km. Expansion works of The South Caucasus Pipeline are already underway in Georgia.